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SPOTLIGHT: CHINA
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SPOTLIGHT: CHINA

EUROPEAN COMPANIES CUT BACK OPERATIONS IN CHINA European businesses are having to “reduce, localize, and silo” their work in China because of the country’s deteriorating climate for investment, according to a glum report from the European Union (EU) Chamber of Commerce in China. The report—the group’s “most dark” since its founding in 2000, Chamber president...

DRAGFLATION: WAR, SANCTIONS, RATE HIKES WILL CUT WORLD GROWTH
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DRAGFLATION: WAR, SANCTIONS, RATE HIKES WILL CUT WORLD GROWTH

The world economy will grow by 2.2 percent next year, the 37-member Organization for Economic Cooperation and Development (OECD) predicted in an updated forecast. The group trimmed growth forecasts for all so-called G-20 countries (the world’s richest), seeing only Indonesia growing faster than the rest, and then only modestly. China’s economic growth will slow to...

WHEN THE ECONOMY FALLS JOBS GO WITH IT
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WHEN THE ECONOMY FALLS JOBS GO WITH IT

Dragflation: Economic growth declining and inflation rising… plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses: Wells Enterprises will lay off 320 employees...

IRAN: PROTESTS ESCALATE
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IRAN: PROTESTS ESCALATE

Iran has been rocked by deadly protests after the death of Mahsa Amini three days after she was arrested by the morality police earlier this month.  The “crime” the 22-year-old woman allegedly committed was that she was not properly wearing her hijab in public. She was arrested on 13 September and reports indicate that she...

GOVERNMENT FUNDING BILL WILL INCLUDE $12 BILLION TO MAKE SURE FIGHTING CONTINUES IN UKRAINE
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GOVERNMENT FUNDING BILL WILL INCLUDE $12 BILLION TO MAKE SURE FIGHTING CONTINUES IN UKRAINE

The U.S. Congress’ stop-gap spending bill being negotiated in Washington to fund the government after Friday’s deadline will include $12 billion earmarked for new economic and military aid for Ukraine, assuring that the killing fields will continue to be bloodied.  Reuters, citing sources familiar with the negotiations, said $4.5 billion in military funding will go...

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